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Feb 23, 2013
02/13
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economy? >> the sequester is not just a cut back, but a very crude cut back, sort of just chop one finger off at every hand instead of letting somebody go. i think it was designed that way because the idea was this will force us to do something. but now they haven't. >> i'm starting to hear people in washington say, look, this is going to force some efficiencies in these agencies. they've had budgets that have been getting bigger and bigger for years, stimulus thrown into all different kind of safety net fund funds. maybe this is just tough medicine. >> it might force efficiencies into some agencies, though they really weren't planning for it, so they're having to do it pretty hectically. some agencies you don't want to cut. across the board cuts are a very crude way to run policy. do you want to cut your research and development, medical care, projects where you promised to pay and may end up losing a lot of money? the problem is it's so crude. they said, okay, this won't happen. we all know
economy? >> the sequester is not just a cut back, but a very crude cut back, sort of just chop one finger off at every hand instead of letting somebody go. i think it was designed that way because the idea was this will force us to do something. but now they haven't. >> i'm starting to hear people in washington say, look, this is going to force some efficiencies in these agencies. they've had budgets that have been getting bigger and bigger for years, stimulus thrown into all...
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Feb 23, 2013
02/13
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FOXNEWS
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. >> these cuts are not smart, they are not fair, they will hurt our economy, we will add hundreds of thousands of americans to the unemployment roles. this is not an abstraction, people will lose their jobs. >> mr. obama staged in front of a group of first responders who he says are, their jobs are at risk. playing to the cameras there and beginning a dismal forecast for americans, should congress not act and should the automatic spending cuts take place on march 1st. the g.o.p. responded, today the president advanced an argument republicans have been making for a year and his sequester is the wrong way to cut spending, replacing the president's sequester will require a plan to cut spending that will put us on the path to a budget that's balanced in ten years, we keep the first responders on the job, what other spending is the president willing to cut? these staged events, is that influencing the coverage? >> i think it is. i think the president has what they call the bully pulpit and it's very powerful and it moves numbers on the voters polls, but when i moved back to washington, i
. >> these cuts are not smart, they are not fair, they will hurt our economy, we will add hundreds of thousands of americans to the unemployment roles. this is not an abstraction, people will lose their jobs. >> mr. obama staged in front of a group of first responders who he says are, their jobs are at risk. playing to the cameras there and beginning a dismal forecast for americans, should congress not act and should the automatic spending cuts take place on march 1st. the g.o.p....
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Feb 23, 2013
02/13
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FBC
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economy and government used to be the model of lack of corruption. when you look at what we have with government sector unions, that is inherently corrupt. you look at pork barrel spending, and it is the definition of "corruptness," and they call it crony capitalism. i call it cronny governmentalism, and if you look at things like slyndra those are the poster child for that. finally, i think the leadership in this country and no disrespect -- i love my country, i'm, you know, i'm very patriotic and invested american, but the leadership here is just not sometng that i respect. the deviciveness, the rhetoric, the noise, all the rest of it. i guess i'm just a raging capitalist who believes in small government, less regulation, personal responsibility, and lack of victimization, and we don't need more than half of the country being handled by the safety net which is basically not a safety net. it's a -- it's a velcro. it's fly people. we need a trampoline forthe bottom one, two, or three personality, not a velcro dependency net for more than half of the
economy and government used to be the model of lack of corruption. when you look at what we have with government sector unions, that is inherently corrupt. you look at pork barrel spending, and it is the definition of "corruptness," and they call it crony capitalism. i call it cronny governmentalism, and if you look at things like slyndra those are the poster child for that. finally, i think the leadership in this country and no disrespect -- i love my country, i'm, you know, i'm very...
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Feb 23, 2013
02/13
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i start by asking about his concern for the level of debt-ridden economy many. >> i'm very concerned. we are the greatest nation in the world. we have got enormous assets and a lot of good people, yet we have this tremendous difficulty. the money we spend in wars, at least one of which we should not ever have been in. and i am a product of world war ii. i was in the united states marine corps in 1945 and a proud recipient of a gold medal i thought the way to survive was to be well trained, and the way to be retrained was to be a marine. i didn't know anything about the navy s.e.a.l.s or the army rangers. they may not have even had them in that day. i knew about the marine corps and in my up forniform, i lookee a boy scout. one of the smartest things i have ever done. >> you talk about the expense of war, having been in the shoes of somebody serving our country. once you're in it, you've got to spend it. >> oh, i don't disagree with that. the problem is, in some instances we shouldn't have been. colin powell made that statement of weapons of mass destruction, which was inaccurate. not
i start by asking about his concern for the level of debt-ridden economy many. >> i'm very concerned. we are the greatest nation in the world. we have got enormous assets and a lot of good people, yet we have this tremendous difficulty. the money we spend in wars, at least one of which we should not ever have been in. and i am a product of world war ii. i was in the united states marine corps in 1945 and a proud recipient of a gold medal i thought the way to survive was to be well...
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Feb 23, 2013
02/13
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secondly, our economy needs workers, we are in a global battle for capital and labor. and if we're going to have economic growth, which is the thing we need the most in this country today. if we're going to have economic growth after a deep recession and a very, very flat recovery, we need this labor. we not only need the high skill h-1 b labor in the technology world and science world that you hear so much about. we need agriculture labor, we need low-skill labor. and so if we want to see our economy grow we not only have to be more productive we have to have a larger work force. and our work force is not growing fast enough for us to have the kind of growth that we have you got. hundreds of thousands if not millions of jobs in america that are sitting here empty today, because there is nobody to do the jobs. some of those highly skilled, some of them not. >> governor rendell -- >> that is why this agreement, the agreement is so important, because we're not going to make this work economically for the country without a reasonable and responsible guest worker program.
secondly, our economy needs workers, we are in a global battle for capital and labor. and if we're going to have economic growth, which is the thing we need the most in this country today. if we're going to have economic growth after a deep recession and a very, very flat recovery, we need this labor. we not only need the high skill h-1 b labor in the technology world and science world that you hear so much about. we need agriculture labor, we need low-skill labor. and so if we want to see our...
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Feb 23, 2013
02/13
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CNN
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses chances are, you're not made of money, so don't overpay for motorcycle insurance. geico, see how much you could save. with the bing it on challenge to show google users what they've been missing on bing. let's bing it on. [fight bell: ding, ding] how many here are google users? what if i was to tell you that you would actually like bing way more than google when it came to the results? prove it. let's look up some taco places. i like the left side. yeah? okay, do we need to find out what the waves are like down at the beach? what side do you like better? i like the results on the right. i'm gonna go with the one on the left. oh! bing won! people prefer bing over goog
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses chances are, you're not made of money, so don't overpay for motorcycle insurance. geico, see how much...
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Feb 23, 2013
02/13
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economy, big part of the michigan economy, the ohio economy, midwest economy, and they learned to diversify during the crisis. so they are just getting back started. they're just getting back to health. what are we going to do now? we'll yank the carpet out from under them. >> fema, too. if we're looking at these cuts on the state level and we have sandy and we have all of these things happening when a state gets hit, then what? >> it's interesting, this language of the economy just starting to heal, just coming back together, just coming -- just recovering after a disaster. it does feel like here we have a patient who we've nurtured back to sort of minimal health but instead of kind of continuing to nurture that, providing more medication, we're like well, good luck with that, i'm taking your walker and meds. >> before they got cancer, they had a weight problem. now we have taken care of the tumor and now we will staple their stomach, threaten to chop their tongue off if they don't agree to go on some crazy fad diet. this is insane. we don't have a fiscal crisis. we have a political crisis
economy, big part of the michigan economy, the ohio economy, midwest economy, and they learned to diversify during the crisis. so they are just getting back started. they're just getting back to health. what are we going to do now? we'll yank the carpet out from under them. >> fema, too. if we're looking at these cuts on the state level and we have sandy and we have all of these things happening when a state gets hit, then what? >> it's interesting, this language of the economy just...
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Feb 23, 2013
02/13
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what's with the political economy of florida and pennsylvania, pennsylvania is actually a very old state. 600,000 people. it's a blue state. it has a republican governor, but in national elections, it votes quite reliable. how can you get away with this, i guess? what are the politics that the same hospital association folks aren't going to come and beat down this door? >> right now, the state has in-state senate are republican controlled. at the state level right now having re-elected overwhelmingly president obama in the last election. and i think what's been tough to understand in pennsylvania that governor corbett is really not sharing his analysis publicly. there's been reports issued with numbers in them, but we have not seen the data on some which of those analyses were based. in fairness, governors do have to make sure they have a balanced budget, particularly the first three year, essentially across the state, nothing. and very importantly, the law's written in such a way that should that federal fund going away, that governors can pull back on the expansion. so this is not a on
what's with the political economy of florida and pennsylvania, pennsylvania is actually a very old state. 600,000 people. it's a blue state. it has a republican governor, but in national elections, it votes quite reliable. how can you get away with this, i guess? what are the politics that the same hospital association folks aren't going to come and beat down this door? >> right now, the state has in-state senate are republican controlled. at the state level right now having re-elected...
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Feb 23, 2013
02/13
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you could that trickle down to the economy? >> when you talk about small businesses and how they'll be impacted by the sequester cuts you have to kind of take into consideration that there are 20 to 30 million small businesses. so people that are doing work in certain areas, certain regions or certain industries that might be affected by a government cutback, those people will be affected, but if you're a small business owner and the accountant and the lawyer, even, a lot of them aren't going to be seeing a whole lot of effect of any cuts coming out. >> let's take a look at what the white house had to say about that. they say, quote, the automatic cuts triggered by a sequester would reduce loan guarantees to small businesses by up to $102 million. what do you have to say about that effect? >> it could reduce loan guarantees and that's exactly right expect and that depends on small businesses looking for loans. we're still in a credit crunch right now. a lot of the businesses that i know and i write about that a lot of my client
you could that trickle down to the economy? >> when you talk about small businesses and how they'll be impacted by the sequester cuts you have to kind of take into consideration that there are 20 to 30 million small businesses. so people that are doing work in certain areas, certain regions or certain industries that might be affected by a government cutback, those people will be affected, but if you're a small business owner and the accountant and the lawyer, even, a lot of them aren't...